What do you guys think? 7 years seems like a LONG time to have an auto loan.
Automakers are increasingly selling vehicles with 84-month loans that reduce monthly payments while making it tougher to repay them faster than cars lose value
More than 1 in 4 new car loans in October and November were 73 to 84 months long, according to Experian PLC. The share of new car loans at those term lengths was less then 10 percent in 2009 and 2010.